AMP

Interest-only home loans receive big cuts as COVID-19 shocks investors

AMP, Greater Bank and Neobank 86 400 have all made sizeable cuts to interest-only investment home loans by up to 65 basis points.

By Harrison Astbury ● May 08, 2020

AMP cuts introductory interest rate barely a week after raising it

AMP has rolled back the interest rate on its once market-leading introductory savings account, barely a week after increasing it by more than 50 basis points.

By William Jolly ● April 08, 2020

AMP announces new high-interest introductory savings account rate

AMP has just released a new introductory savings account interest rate that places it among the highest in the market.

By William Jolly ● March 27, 2020

Three lenders cut rates on home loans despite RBA cash rate hold

One bank cut rates by as much as 20 basis points, even after the Reserve Bank left the cash rate on hold at 0.75% on Tuesday.

By Harrison Astbury ● February 07, 2020

One in five Aussies have less than $250 in savings: AMP Bank

Australians are struggling to save money, with one in five of us having less than $250 in our savings accounts, according to new research.

By Alex Brewster ● June 26, 2019

Commonwealth bank, Bendigo Bank drop home loan rates

Two of Australia’s biggest lenders, Commonwealth Bank and Bendigo Bank, have dropped interest rates on some of their key home loan products.

By William Jolly ● April 10, 2019

National dwelling values fall 0.6% in March

CoreLogic’s latest home value index results for March 2019 show the national average dwelling value fell by 0.6%, which is actually the smallest month-to-month decline since October 2018.

By William Jolly ● April 01, 2019

ING makes changes to both fixed and variable home loan rates

One of Australia’s largest retail banks, ING, has lowered interest rates across a number of its owner-occupier and investment home loan products by up to 40 basis points, while raising some interest-only rates for owner-occupiers.

By William Jolly ● March 27, 2019

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